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Motorola's 2nd-period net soared 57% amid continued world-wide demand

Article Abstract:

Motorola Inc posts 2nd qtr 1993 earnings up 57 percent due to increased demand for semiconductors, pagers and cellular telephones. Chip orders increased 30 percent from 2nd qtr 1992, while cellular phone orders increased 58 percent. Earnings rose from $143 million in 2nd qtr 1992 to $224 million in 1993. Results were slightly higher than analysts expected. Before an accounting change, profit for the first six months of 1993 almost doubled to $428 million, though net income was $145 million after the change. Profit margins on sales increased to 5.7 percent from 4.6 percent in 1992. Sales were even strong in Europe's slow economy. Sales of general systems products increased 40 percent, while sales of chips increased 28 percent. Sales of communications devices such as pagers rose 23 percent.

Radio & TV communications equipment, Motorola Inc., MOT, Demand

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Intel's earnings nearly tripled in 2nd quarter

Article Abstract:

Intel Corp reports nearly tripled earnings in 2nd qtr 1993 due to increased demand for its flagship and next-generation microprocessor. Net income increased from $213.2 million in 2nd qtr 1992 to $568.5 million. The company's net margin reached 27 percent, making it the most profitable large company in the world. First-half earnings for 1993 already exceed the $1.07 billion total for the entire previous year. Net income for the first six months increased from $397.2 million in 1992 to $4.15 billion. Since Intel makes the main chips of most microcomputers, Intel's success has pushed up the stock of microcomputer manufacturers. Intel predicts increased demand for microcomputers, in contrast to analysts, who predicted decreased microcomputer sales for the summer.

Increase

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Intel's weak fiscal 3rd-period forecast indicates industry slump is accelerating

Article Abstract:

Intel Corp discloses that its earnings and revenue will be less than expected for the 3rd qtr ending Sep 28, 1991, citing slow demand for microprocessors and price erosion as reasons for the decline. Industry observers argue that Intel's results signify that the recession is getting worse. They predict that many semiconductor and computer-related companies will experience poor earnings in the second half of 1991. Intel's stock fell $6.25 on Friday, Sep 13, 1991, to $43 per share.

Industry Analysis, Outlook, Semiconductor Industry, Third Quarter, Stock

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